Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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Opendoor, in Announcing SPAC, Opens Up About Losses

By
Cory Weinberg
· · Source: The Information

Opendoor became one of the most high-profile firms to announce an intention to go public via a SPAC merger. And in confirming the news, Opendoor unveiled the most detailed look so far at the financials of its internet-enabled home-buying business. One thing that quickly became clear is why Opendoor needed to cut 35% of its staff, or 600 people, earlier this spring. The company reported a net...

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